Boral: Housing construction to fall another 15%

Tuesday 26 February 2019

The CEO of building materials group Boral, Mike Kane, has forecast an additional decline in new housing construction of around 15%. From The AFR:

Mr Kane said on Monday it was likely housing starts would drop a further 15 per cent or so, and the “trough” in this cycle would probably be about 170,000 new dwellings, down from the 199,000 that market forecasters are expecting across 2018-19.”We don’t think housing is going to plummet to historic lows,”

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.